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Author Topic: Why Most ICO don't show the investment wallet address?  (Read 409 times)
O9NpJ9ld1opS
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July 13, 2018, 06:58:25 AM
 #21

Yes, I have seen many projects hiding their contact address and not showing it openly. That is a red flag indeed. They may be hiding it maybe because they are not recieving enough funds as expected.
Hiding token metrics is a bad thing in my opinion. I ll never invest in such a project.
Some may be hiding because of fear of regulation also, but anyway it's a red flag.
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July 13, 2018, 06:59:32 AM
 #22

IMO, the potential of the bounty project is not necessary to show the investment wallet address can also be recognised through the Token sale index. So you should not be so critical on the details that you should evaluate the potential ICO project across multiple factors to find potential ICOs instead of going into specifics.
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July 13, 2018, 07:06:29 AM
 #23

I think it may be the strategy of their project to attract investors to invest, I see there is also a transparent ico, maybe this could be a good suggestion for ico project
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July 13, 2018, 07:17:09 AM
 #24

We have seen so many ICO's scamming these days with statements like they were sold out in the "early pre-sale" or "sale for angel investors". I just stop following those projects if thy dont show the proofs to those claims.

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blockchainmarketus (OP)
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July 13, 2018, 07:36:05 AM
 #25

Yes, they should be able to show every investment wallet however large in number it may be. It would certainly increase the transparency and hence the involvement of investors. Investors should too focus only on those transparent ICOs boycotting suspicious ones.
Great idea. To prevent scam ICos most members bitcointalk should boycot the ICO. i think the power of ICO now is from bitcointalk members. without bitcointalk members ICOs are nothing. They can't promote such a massive boom in social media and blogs. The worst they sometimes ignored bounty hunters when they made a lot of money. It is unfair. One word to say indicated and not transparant ICo

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July 13, 2018, 07:46:17 AM
 #26

Because they don't want to take any risk if something going bad with their ICO address funds (e.g hacks). That's why they hide their ICO wallet address to prevent that and they will be only tell people who joined on their ICO white list.
Ico in 2017 are transparents. They show the wallet investment for public address. More developers made succesful ICOs like RLC, Populus, Crowdholding and ICOs in 2017 are more transaparents. Even ZDr than I underestimate show the wallet address. In the case of hacked, I think developers should know how to secure the wallet. I invested in RVT, Coss, Crowdholding and FYP and some others feel confidence because we monitor the progress. Whe the fund is increase we are happy because ICos reached the hardcap. Hardcap achievement is important for investors because we will know that the market reacts because of the start of ICo price. ICo price will down if bounty hunters sell the coin at low price. All investors will keep the coins or buy them if they know that the coin is under ICO price. Now We donlt know that ICO reached hardcap. the developers claim but the fact the price in the market very low and sometimes 90% under ICO price. This is because not transparant developers.
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July 13, 2018, 10:01:09 AM
 #27

I cannot catch the purpose of public showing my address, maybe they are worrying about security of investment money, it is not their money, it is money off investors. If I would gather money from the people, I would take every step that is needed in order to provide the security.


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July 13, 2018, 04:28:54 PM
 #28

That's give me a big question, Looks like they have loop holes on that. We are all seeking for a good investment on ICO but they didn't show any address to look. I guess we should ask them directly on Telegram for latest updates so they will be more transparent on us.
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July 13, 2018, 05:00:09 PM
 #29

Because most of them are scammers and do not want to show real numbers, but show what the investor wants to see-good indicators of fundraising.
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July 13, 2018, 05:38:45 PM
 #30

I think almost all ico nowadays never show their wallet, while they claim that it has sold billions of tokens I've asked this several times on some ico but did not get an answer, now they even claim the number of whitelist participants by using airdrop or bounty participants and using it to attract investors, I guess that's not good enough
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July 13, 2018, 06:01:55 PM
 #31

I think that it is not necessary to participate in such ICO, because it is often done only to attract people, so as not to show real results. In any case, it is extremely suspicious.

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July 15, 2018, 02:58:28 AM
 #32

There are to many extended ICO,It means they have reached the softcap or hardcap , however they claim have reached the softcap. while they claim that it has sold billions of tokens I've asked this several times on some ico but did not get an answer, now they even claim the number of whitelist participants by using airdrop or bounty participants and using it to attract investors, I guess that's not good enough. I think  transparancy will grant the investors to trust the ICO better.
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July 15, 2018, 03:05:57 AM
 #33

They don't want their fundraising situation to be announced and supervised. Once everyone is told, they will be questioned a lot, and many teams don't want to see it. They just want to control their own funds as they please.
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July 15, 2018, 03:08:01 AM
 #34

not all of the ICO does that. There is still the ICO that showing their wallets and I think it's more believable. in the absence of wallets are displayed will certainly make sense to suspect that there is and even this sense of attraction to invest in ICO slightly reduced. but with a system like that then the investor is required to analyze the well even though it does not have a wallet that is displayed.

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July 15, 2018, 03:10:15 AM
 #35

Nah, I'm not the part of their team so I don't know why. Mostly an ICO promised that their platform had transparency, but their wallet for the ICO doesn't.  Undecided
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July 15, 2018, 03:11:52 AM
 #36

This kind of method should be remove investor should have transparency so we can monitor what's really happening on raise funding.
Some ICO mostly post something that achieved this fund but when you look on how they managed to reach with low people active on twitter/telegram.

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July 15, 2018, 03:34:24 AM
 #37

This is a suspicious act. Most ICo don't show the wallet of investment? Why they claim have made succesful presale but no wallet to proof that. Why Most ICo fail they are not transparant. Transpancy is one of the cryptocurrency concept. I think they deceive investors by doing that not showing investment wallet address for public.

Perhaps to avoid being not able to be track by hackers? Just guessing. But I agree with your point, sometimes ICO says that they already hit their softcap target and even posted it on their website, however, chances are those scammers are just hiding the truth behind and next thing you know they already run off with investors money. However, I can only think that security is the main thing that's why they are hiding the funds. I could be wrong though.

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July 15, 2018, 06:57:53 AM
 #38

Perfectly true. If a company expects investors’ confidence, they have to show what they’ve got in their wallet for investors to see the funds raised. If the company refuses to do so, you’ve got to be especially cautious with them.
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July 16, 2018, 06:15:39 PM
 #39

I think the reason why most ICO don’t show the investments wallet address it
because they protecting their own investments from the scammers that have bad aims to their investments.
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July 18, 2018, 02:03:06 PM
 #40

For me the reason why most ICO don’t show the investment wallet address it
because they are securing their investments from the hackers or theft that expert about this and also to be safe.
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